Darren Hodder, Director of Fraud Consulting told delegates at the SMi 2nd Annual Big Data in Retail Financial Services last week that the easiest way to solve online fraud is for banks to know exactly who their customer is, which could be achieved through biometric authentication.
Hodder believes that we are currently in “authentication hell” and that the authentication processes used by biometrics such as facial, iris, finger print or vein recognition could help to reduce the risk of fraud and enhance customer experience by enabling banks to recognise exactly who their customers are.
Monday, December 1, 2014
A way out of "Authentication hell"
Biometric authentication could help solve online fraud (bobsguide)
